Thursday, 30 March 2017
Last updated 4 hours ago
Feb 21 2017 | 11:12pm ET
Long-time Weiss Multi-Strategy Advisors executive Rick Doucette is reportedly planning to launch a new hedge fund with former UBS prime brokerage specialist Gerry Polizzi.
The new fund will be a multi-strategy vehicle named Antecapio Investment Partners, according to a Reuters article citing the two men.
Doucette left $1.4 billion Weiss, where he was COO as well as president of holding company George Weiss Associates, at the end of last year. Polizzi, meanwhile, was with UBS’s prime brokerage operation since 2002 and had previous stints at Credit Suisse and Pershing.
The new firm will utilize of both quantitative and discretionary trading strategies, according to Polizzi’s LinkedIn profile, as well as incorporate artificial intelligence and machine learning in its investment processes.
Antecapio plans to hire six to eight portfolio teams that will work through two funds, the Reuters article added. One team will focus on long/short opportunities in European companies, while others will look at U.S. TMT and consumer stocks.
The fund is reportedly aiming to launch by the third quarter of this year with $300 million in assets under management.